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Income tax calculation - India


While testing for income tax calculations, I hired an employee during April -13 and another in Oct-13.

On executing payroll, system shows in wagetype /416 Gross salary amount equivalent to 11 months Gross for employee joined in April and for 5 months for October joined employee.

Normally system will take 12 months and 6 months to store the value in /416.

In which table/ Rule I should make the corrections. Pl. reply



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  • Posted on Jan 07, 2014 at 10:03 AM

    what is the value in /401 ?

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    • Former Member Former Member

      Hi Raghu,

      As Sikinar said in table T54C0 change Mth start of tax year to 4. So that when u run payroll for April hired employee /401=11 instead of 10 and your /416 will be for 12 months. Same will happen for October hired employee

      Hope this will help you.



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